The Hourly View for BCH
Last Updated February 19, 2021, 23:16 GMT
Currently, Bitcoin Cash’s price is down $-5.43 (-0.75%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Of note is that the 50 hour changed directions on BCH; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash entered today at $704.69, down 1.75% ($12.53) from the previous day. This move happened on lower volume, as yesterday’s volume was down 31.1% from the day before — and down 62.3% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 6th since the previous day in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From muneeb:
OKCoin is delisting BSV and Bitcoin Cash citing branding confusion for new crypto users as one reason.If this trend continues then maybe I’ll need to answer less “which Bitcoin is the real one?” questions.
- From TheSuspect500:
However, the good news is that you’ll still have a no-fee way of withdrawing crypto, in the form of Litecoin or Bitcoin Cash.For the foreseeable future, we will still be covering the TX fees for those withdraws.They’re all ready, but I don’t want to deploy them on a Friday.
- From GeorgeDonnelly:
If you want to change the world, Bitcoin Cash is the coin for you. We have a mission, a vision, values and principles. Bitcoin Cash is for the 8 billion, not for the few, the elites, the central bankers or the Wall-Streeters.
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin – BTCUSD The Bitcoin cash price is hovering near its highest point in July 2018 as investors react to the strong performance in the cryptocurrencies industry….Bitcoin cash is often viewed as a proxy for Bitcoin.